ABSA BANK LTD. JSE: ABG

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Background of ABSA BANK

Absa Bank Limited provides services related to varying banking products. The bank does so primarily in South Africa and Namibia. Absa offer a wide range of loan products (personal, express, instant, home, car, study and so forth) while also providing credit and debit cards, investment and saving products and various investment products.

The bank is listed on the JSE and is one of the biggest and most diversified financial services groups in the entire South Africa. The company has a vast presence in over 12 countries across the continent and proudly has around 42,000 employees.

Absa was founded almost three decades ago, in 1991 and has since grown to one of the most recognisable and successful African banks. The bank’s foundation originated from a merger of financial service providers, United Bank, The Allied Bank, the Volkskas Bank Group and various interests in the Sage Group. The bank has total assets exceeding R1.165 trillion (2017).

ABSA BANK Shares Growth Driver

Absa’s growth largely stemmed from their early and efficient start and vision continuity. The bank operates with the ethic that everything they do is to add value. They achieve this by providing a plethora of opportunities and solutions to their clients. Absa has also successfully kept its own in the race between the four biggest banks in South Africa. Their drive towards innovation and ingenuity, has seen the bank grow to impressive heights in its 27 year reign.

Barclay plc’s involvement as a majority shareholder of Absa, has also seen the bank’s share grow in the last decade especially. The bank has enjoyed a strong outside investment interest, which has sparked its growth potential. The bank’s asset distribution tallies 54.10% from the UK, 25.32% South Africa, 11.64% United States and Canada and 8.94% in other countries.

Throughout Absa’s illustrious reign, the have built a strong brand, based on integrity and innovation. They have consistently striven towards bettering themselves and exploring new frontiers. They have stayed with the times, bolstered relationships with existing stakeholders and worked towards a better future for their greatest asset: The People.

ABSA BANK Group Investor Tip

Absa’s growth patterns have shown positive increases in recent times. The bank’s recent (and unexpected) complete brand identity overhaul, has sparked both controversy and curious interest. The sudden change speaks volumes with regard to the bank’s willingness to adapt and alter itself. This fact proves that Absa is a bank that won’t be failed by the times, as they display a willingness to explore what they are.

Absa’s growth potential in the rest of Africa has seen a promising increase with amplified interest from Asia. The company’s interests in 12 African countries proves to be a smart move amid injects from China and India in particular. Absa will continue to invest in the African sphere, especially by enhancing existing assets and by exploring new avenues. This approach promises to see the bank’s investible future boost even further.

ABSA BANK Major Shareholders

Sector

Financial Services

Industry

Banking and Finance

Sub industry

How to buy ABSA BANK Group Shares

ABSA BANK : How to buy ABSA BANK Group Shares Online

We have made it simple to buy JSE listed firm shares online. The easiest way to buy ABSA BANK shares or stocks is to; start by submitting the ‘BUY THIS SHARE’ form. Next, one of our experienced and certified stock brokers will personally get in contact with you to discuss your custom stock request. Finally, a stock advisor will confirm the amount of shares you are looking to invest in ABSA BANK and assist you with the setup and management of your stock portfolio account.

Here are the steps you must follow to Buy / Purchase ABSA BANK Group shares with utmost confidence:

Start by Filling in the BUY THIS SHARE form.

Insert your name, email, telephone number and monthly remuneration.

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Click the “ INVEST NOW” button

Once we have received your info, a dedicated stock advisor will personally call you back to discuss your personal share request.

Lastly, your newly appointed personal stock advisor will handle all account setups and reporting as stipulated by the financial services board of South Africa (FSB)

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